Guideline Value for Kamaraj Street

Kamaraj Street guideline value

The current guideline value of Kamaraj Street is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Commercial Class I Type - II.

How the guideline value of Kamaraj Street has changed

The guideline value for Kamaraj Street has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012, marking a 671% rise. However, from 2012 to 2017, the value decreased to Rs 1,809 per sq.ft, reflecting a drop of 33%. The next revision in 2023 set the value at Rs 2,700 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,970 per sq.ft, a 10% increase.

Overall, from 2007 to 2024, Kamaraj Street has experienced a remarkable increase of 749% in its guideline value. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Kamaraj Street's 2024 value above this median.

• Kamatchiamman Nagar: Rs 2,970 per sq.ft (2024)
• Kamatchi nagar: Rs 2,970 per sq.ft (2024)
• Kamatchi Nagar and Extn: Rs 2,970 per sq.ft (2024)
• Kamaraj High Road: Rs 2,970 per sq.ft (2024)
• Kambar Street: Rs 1,980 per sq.ft (2024)
• Kamarajar Salai: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, leading to a total cost of Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamaraj Street?

The Sub Registrar Office that covers Kamaraj Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Perungalathur

The guideline value is a critical factor during property registration in Perungalathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and in accordance with local regulations.

Frequently asked questions

What is the current guideline value of Kamaraj Street?

The current guideline value of Kamaraj Street is Rs 2,970 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 350 per sq.ft to Rs 2,970 per sq.ft in 2024, reflecting a total increase of 749% over the years.

What are the stamp duty rates for properties on Kamaraj Street?

The stamp duty rate for properties on Kamaraj Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Perungalathur?

The median guideline value for streets in Perungalathur is Rs 2,310 per sq.ft, with Kamaraj Street's value above this median.